Key facts
- A social worker and his wife own six sober-living rental properties.
- They achieve up to 75% cash-on-cash returns.
- Their strategy involves renting individual beds, not entire homes.
- They diversified into sober-living rentals after success with short-term rentals.
A social worker and his wife have successfully established a portfolio of six sober-living rental properties, generating impressive cash-on-cash returns that reach up to 75%. This niche real estate investment strategy involves renting out individual beds within the properties, a method that differs from traditional whole-home rentals. The couple initially ventured into the rental market with short-term properties, finding success that encouraged them to diversify into the sober-living sector. Their current model focuses on providing accommodations specifically for individuals seeking sober living environments, allowing for higher occupancy and revenue per unit by leasing individual sleeping spaces. This approach has proven to be a lucrative way to capitalize on a specific market demand within the rental property industry.